As a handyman in Arizona, having proper insurance coverage is essential for protecting your business, meeting client requirements, and operating legally. This guide breaks down insurance costs and coverage options based on our analysis of actual quotes from leading carriers for Arizona handymen.
Discover the essentials of handyman business insurance in our in-depth resource.
General Liability Insurance for Arizona Handymen
Based on analysis of quotes from leading carriers, here are typical costs for Arizona handyman insurance:
| Revenue | Average Premium | % of Revenue | Favorable Rate | Potential Savings |
|---|---|---|---|---|
| $150K | $2,400 | 1.6% | $1,300 | 46% |
| $500K | $6,900 | 1.4% | $4,200 | 39% |
| $1M | $14,700 | 1.5% | $9,000 | 39% |
Premiums assume:
- Clean claims history (5+ years)
- Standard $1M/$2M limits
- 10% subcontractor costs
- Basic handyman services under $2,500 per job
Worker’s Compensation Insurance for Arizona Handymen
Workers’ compensation premiums in Arizona average $4,641 per employee annually.
Cost breakdown:
- $10,170 per $100K of payroll
- Class code 5645 (Handyman) rate: $5.72-$16.73 per $100 payroll
Key factors affecting rates:
- Employee classification
- Annual payroll
- Claims history
- Safety programs
- Experience modifier
Additional Business Insurance for Handymen in Arizona
1. Tools & Equipment Insurance
- $200-$2,000 annually
- $5,000-$15,000+ coverage limits
- $5,000 typical per-item limit
2. Commercial Auto Insurance
- $1,500-$3,050 per vehicle annually
- Standard limits: $100K/$300K bodily injury, $100K property damage
- Higher limits recommended ($500K-$1M)
3. Contractor’s E&O Insurance
- $300-$1,000 annually
- $100K-$1M+ coverage limits
- Covers faulty work claims
4. Commercial Property Insurance
- $1,000-$5,000 annually
- Protects workshops, storage, offices
- Coverage based on property value
5. Surety Bonds
Typical costs by credit rating:
| Bond Amount | Excellent Credit | Good Credit | Bad Credit |
|---|---|---|---|
| $5,000 | $100-$150 | $150-$200 | $200-$400 |
| $10,000 | $100-$300 | $300-$500 | $500-$1,000 |
| $15,000 | $150-$400 | $400-$750 | $750-$1,500 |
Get Arizona Handyman Liability with ContractorNerd
ContractorNerd makes handyman insurance simple and data-driven through:
- Specialized expertise in handyman coverage needs
- Network of leading carriers for competitive rates
- Streamlined quote and binding process
- Ongoing policy management support
- Claims advocacy when needed
Our analysis shows potential savings of:
- Small operations ($150K): 30-50%
- Mid-size ($500K): 25-40%
- Large ($1M+): 20-35%
Contact us today for tailored quotes and expert guidance on your handyman insurance needs.